34 luxury apartments in Amadores

Exclusive Investment Opportunity in Amadores – Building Plot for Sale
Plot size: 3,500 m²
Buildable area: 3,600 m²
34 Luxury Apartments (5-Star Tourist License)
Execution project ready | Preparatory work completed
24 parking spaces | 98 m² swimming pool with bar
Project duration: 2 years (6 months planning, 18 months construction)

1. Gran Canaria & Amadores
Located in the south of Gran Canaria, Amadores is often referred to as the “Monaco” of the Canary Islands. It boasts 340 sunny days per year and a convenient location—just 35 minutes from Las Palmas Airport.
As of this offering (2024), the average occupancy rate in the area is over 96%, and property prices continue to rise.
Year-Round Tourism – A Key Advantage
The Canary Islands attract visitors year-round, significantly contributing to investment income stability.
• High season (October–April): high daily rates, especially during the holiday season, winter breaks, and Easter.
• Standard season (April–October): slightly lower rates but consistently high occupancy. The majority of visitors are from Spain and Europe.

2. Plot Location
Exact coordinates: GPS 111.222.333.444 x 555.666.777
View: North-facing plot with partial sea views
Distance to the beach: 10 minutes walking to the famous Playa de Amadores
Amadores is one of the most attractive investment locations in the Canary Islands—prestigious, safe, and close to restaurants, shops, and upscale nightclubs. Nearby is “The Europe Shopping Centre,” offering a variety of services for future guests.

3. Licenses & Permits
Building License
Granted by the authorities – construction can begin immediately. No additional obligations (e.g., building restaurants or green areas).
5-Star Tourist License
Increases investment value and ROI.
• Main conditions:
• Apartments may be used by the owner for a maximum of 6 months per year.
• Rentals must be managed by a professional management company (bookings, cleaning, maintenance).
• The project owner can choose from three options:

1. Operate the management company independently.

2. Sell the management company.

3. Transfer the management company to a third party.

4. 5-Star Apartment Complex
Building: 3,600 m², 34 apartments:
• 27 one-bedroom apartments
• 6 two-bedroom apartments
• 1 two-level penthouse
Amenities:
• Reception and rooftop sun terrace
• 98 m² swimming pool with bar
• 24 parking spaces (expandable to 44)
• No requirement to build a restaurant (due to proximity to Europe Center)

5. Construction & Costs
Plot size: 3,500 m², buildable area: 3,600 m²
Estimated costs:
• Plot price: €2,999,000
• Additional costs: €500,000
• Construction cost: €3,499,000 (€1,100/m²)
The land is fully prepared for construction, and geological surveys confirm its stability